Indah Bay

Indah Bay is a condominium located in Tanjung Tokong, Penang and is set on a hillside. It is a freehold condominium which was completed in 1993 placing it at approximately 20 years old. For such an aged building, it still looks spruce, bright and well maintained. It consists of only a single block of condominium with 14 storeys. It has an "auspicious" number of 138 units signifying wealth and has 11 units on each floor. The units here are approximately 800 sf each and comes with 3 bedrooms and 2 bathrooms to a unit. Indah Bay offers reasonably priced homes at RM380,000 while rental here starts from RM1,200. Many of the units for sale at Indah Bay are partially furnished due to the fact that all the units have been tenanted before. Therefore most of the units are already equipped with water heaters, kitchen hoods and hob; and a remarkable number of the units on sale are fully furnished. Residents will have spectacular views of the Penang Island's lush greenery and of the sea as well, views that many are paying hefty amounts for. In addition to the spectacular sights of the greenery from their units, residents of Indah Bay will also have a landscaped garden to walk in. Each unit will be entitled to 1 parking lot in the parking bay and there is a 24-hour security team to take care of the resident's safety. Residents will also have exclusive use of a swimming pool in the condominium. It is a mere 10 minutes away from the city of Georgetown and Gurney Drive by car where banks, supermarkets and schools can be found. Closer to home there is SJK (C) Hun Bin and SK Tanjung Tokong for school going children. Indah Bay is served by Jalan Tanjung Tokong which connects to Jalan Fettes and Jalan Tanjong Bungah. The condominium is accessible via Jalan Tokong Lama and Jalan Gajah. The closest mode of public transportation for residents is the Tanjung Bungah Rapid Penang bus hub which is approximately 2.5 kilometres away from their homes.

Property Details

Name: Indah Bay

Address: Jalan Bunga Tongkeng, 11200 Penang

Completion Date: 1993

Type: Condominium

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 14

No. of Units: 138

No. of Bedrooms: 3

No. of Bathrooms: 2

Built-up: 800 sf

Subsale Price:

Rental:

Facilities

Landscaped garden

Parking bay

Swimming pool

24-hour security

Market Trends

Analysis

Indah Bay is set along Jalan Bunga Tongkeng and which is accessible via Jalan Bunga Mawar. The main road that serves this area is Jalan Tanjong Tokong which its traffic is generally heavy flowing, but has improved since the roads were widened. However motorists will still find it annoying driving along this road as there are numerous traffic lights for turning into the housing areas that will cause cars to swerve in and out to avoid getting stuck in a queue to a junction they have no intention of turning into. What started off as a quiet and peaceful fishing village retreat began its transformation into an urban land for the wealthy in the 1980s. Now Tanjung Tokong is a place the place for the affluent, a factor that will drive up the price of Indah Bay Condominium in the coming years. As an investment Indah Bay Condominium is speculated to do well in the coming years due to its ideal location by the coastline and also the fact that the area is becoming more prestigious. Interested buyers looking for a family would do well to look into this place as well, for besides its location it is also an ideal place to bring a family up.